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        Case ID :
        Insolvency and Bankruptcy

        CIRP - personal Guarantor to Corporate Debtor - Australian...

        Australian Guarantor's Pledge Invalid Without Formal Agreement; NCLT Jurisdiction Tied to Debtor's Office Location.

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                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.
                                CIRP - personal Guarantor to Corporate Debtor - Australian National - lack of any Agreement of Guarantee - invalidity of any such Guarantee, even if issued - the Appellant/Personal Guarantor (in the instant case), whether he resides in India or outside India, when a Petition is filed against him, as Personal Guarantor of the Corporate Debtor, the Adjudicating Authority, (National Company Law Tribunal) has jurisdiction, in whose territorial jurisdiction, the Registered Office of the Corporate Person is located - the residence of Personal Guarantor is not taken into account when proceedings against Personal Guarantor are initiated- AT
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